The Affordable Connectivity Program (ACP) of the United States Government aims to increase access to affordable high-speed internet connectivity for low-income households in the United States. Registered Providers who participate in the ACP Program (ACP) can use the TessPay Fintech Platform to factor ACP Claims quickly to obtain funds for services rendered under ACP. Claims factoring is a financial transaction in which the ACP Provider sells accounts receivable from the United States Government to a third party at a discount to obtain cash quickly.
The TessPay Fintech platform offers financing for ACP Claims related to Devices and Monthly Recurring Charges. Devices refer to the physical hardware needed to access the internet, such laptop/desktop computers and tablets. Monthly Recurring Charges are the ongoing costs associated with maintaining internet service, such as monthly fees for internet plans.